Banking is all about speed today. With most of us spending a lot of time online, banks today are no longer just physical structures made of brick and mortar. In their digital avatar, banks are swift online institutions designed to serve customers in a better way. This means you can open a bank account online with just a few clicks. Be assured, there is a bank account type for various needs. Follow these simple steps to get your job done.
To open a bank account online, you will need to have three things. Firstly, you would need your Aadhaar number which has 12 digits. Secondly, you will also need access to the mobile number linked to your Aadhaar number. Thirdly, you will need your Permanent Account Number (PAN).
The process is same for most bank accounts if you are asking how to open a savings account. Irrespective of how you open the bank account, you will get all the savings account benefits. Before opening the account, you should go through all the types of savings account. For instance, there is the normal savings bank account, the corporate salary account, the minor's saving account, senior citizen's saving account etc.
After you have studied the individual features of all the bank accounts, follow the process below for opening. To open a bank account online, enter your Aadhaar number and PAN when prompted in the online application page. The UIDAI will send a one-time password (OTP) to your registered mobile. This must be entered on the online application form within the allotted time.
You will also need to fill in a few more personal details like city, salaried or self-employed, GST registered status etc. Voila! The bank will open the bank account for you in no time. After your account is set up, the bank will send you your Customer ID, Account Number, and IFSC code over email and SMS. Also, a welcome kit will reach you shortly. To allow you to operate a bank account without any restriction, banks need to meet you to complete an in-person verification.
When you want to open a bank account online, do remember you may open only one Aadhaar OTP based account with any bank in India. This means if you have already opened an Aadhaar OTP based account with any other bank, you cannot open another account.
Some like IDFC FIRST Bank offers a whole lot of goodies in terms of savings account benefits. For example, their Savings Account is linked with Visa Signature Debit Card, allowing you to enjoy up to 40% returns. Savings account benefits include great deals on movies, restaurants, and wellness outlets, cashback offers per month, assured cashback on activation, fuel surcharge waiver for any petrol pump, airport lounge access, free personal accident insurance, no lost card liability for up to Rs 2.5 lakh and purchase protection facility.
With thousands of customers preferring to open bank account online, now is the time to stay ahead of the crowd and enjoy the maximum savings account benefits.